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Friday, Oct 9 2015

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Big Pharmaceutical Companies Withhold Support Of Trans-Pacific Trade Deal

Negotiators struck a compromise on the major issue of patent protections for biologics and vaccines that left no party completely happy.

Major U.S. business groups, citing internal frictions and uncertainty over the details of President Barack Obama鈥檚 12-nation Pacific trade deal, are withholding their support for now, hobbling the administration鈥檚 early efforts to win congressional backing. With big pharmaceutical companies and several other major industries disappointed by the Trans-Pacific Partnership, the broader business coalitions that have long backed the talks say they first must consult with their members. (Mauldin, 10/8)

A big sticking point in the negotiations over the Trans-Pacific Partnership involved biologics medicines and vaccines created from living organisms. The dispute centered on patent protection: how many years drug companies should have before facing competition from generics. The negotiators ended up with a complicated compromise that gives drug makers five to eight years of protection. But nobody is really happy with the outcome. (Zarroli, 10/8)

This is part of the Morning Briefing, a summary of health policy coverage from major news organizations. Sign up for an email subscription.
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